Bashir

Bashir is a 31-year-old man and a second-time borrower with UGAFODE Microfinance Limited, applying for UGX 2,000,000. He paid the first loan well and in a timely manner. He rents a single-roomed house with his wife and two young daughters in the outskirts of Kampala. Bashir and his family mainly depend on their coffee-selling business, however, the business is affected by unstable power supplies.

Bashir applied for UGX 2,000,000 to finish up building his simple residential house so that he can use the money he has been spending on the loan to pay back the loan. He hopes when it's complete, he can expand his business. He has got future plans of building a better house and boosting his business.

Additional Information

More information about this loan

This loan is part of UGAFODE”s Micro Mortgage Loan program. Many of these clients are currently renting and these loans allow them to own their home and provide for their families. This may be their first home, or renovation to homes not fit for habitation. By building and renovating, borrowers who utilize these loans have improved health and safety through a stronger structure and better protection from the elements. UGAFODE offers these loans to cover essential costs like labour and material so borrowers can provide adequate shelter and sanitation facilities for their families.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.